SITOGINE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SITOGINE
Largest movements
- Tangible fixed assets -€17,645
down €17,645 (-97.4%), from €18,124 to €479
of which Furniture and vehicles: -€17,166
- Current investments +€10,419
up €10,419 (+12.1%), from €86,236 to €96,656
- Cash -€5,701
down €5,701 (-50.7%), from €11,251 to €5,550
mainly Current investments (-€10,419) and Debts after one year (-€6,603)
- Receivables within one year -€1,587
down €1,587 (-31.1%), from €5,104 to €3,518
of which Trade receivables: -€2,392
- Debts after one year -€6,603
no longer reported in 2025 (was €6,603)
- Profit (loss) carried forward -€4,016
down €4,016 (-6.6%), from €60,786 to €56,770
- Current portion of long-term debt -€3,744
no longer reported in 2025 (was €3,744)
- Gross operating margin -€14,156
down €14,156, from €11,268 to -€2,888
- Depreciation -€6,453
down €6,453 (-93.1%), from €6,931 to €479
- Taxes -€1,703
down €1,703 (-90.2%), from €1,888 to €185
- Financial income +€402
up €402 (+187%), from €215 to €617
- Other operating charges -€294
down €294 (-35.1%), from €840 to €545
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,979 | €106,257 | -€15,722 | -12.9% |
| Fixed assets | 21/28 | €18,124 | €479 | -€17,645 | -97.4% |
| Tangible fixed assets | 22/27 | €18,124 | €479 | -€17,645 | -97.4% |
| Plant, machinery and equipment | 23 | €957 | €479 | -€479 | -50.0% |
| Furniture and vehicles | 24 | €17,166 | - | -€17,166 | |
| Current assets | 29/58 | €103,855 | €105,778 | +€1,923 | +1.9% |
| Amounts receivable within one year | 40/41 | €5,104 | €3,518 | -€1,587 | -31.1% |
| Trade receivables | 40 | €4,928 | €2,536 | -€2,392 | -48.5% |
| Other amounts receivable | 41 | €176 | €982 | +€805 | +456% |
| Current investments | 50/53 | €86,236 | €96,656 | +€10,419 | +12.1% |
| Cash at bank and in hand | 54/58 | €11,251 | €5,550 | -€5,701 | -50.7% |
| Deferred charges and accrued income | 490/1 | €1,264 | €55 | -€1,209 | -95.7% |
| Total equity and liabilities | 10/49 | €121,979 | €106,257 | -€15,722 | -12.9% |
| Equity | 10/15 | €109,488 | €105,472 | -€4,016 | -3.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €42,502 | €42,502 | = | 0.0% |
| Distributable reserves | 133 | €42,502 | €42,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,786 | €56,770 | -€4,016 | -6.6% |
| Amounts payable | 17/49 | €12,491 | €785 | -€11,706 | -93.7% |
| Amounts payable after more than one year | 17 | €6,603 | - | -€6,603 | |
| Financial debts | 170/4 | €6,603 | - | -€6,603 | |
| Amounts payable within one year | 42/48 | €5,888 | €785 | -€5,104 | -86.7% |
| Current portion of amounts payable after more than one year | 42 | €3,744 | - | -€3,744 | |
| Financial debts | 43 | €713 | €249 | -€465 | -65.1% |
| Credit institutions | 430/8 | €713 | €249 | -€465 | -65.1% |
| Trade debts | 44 | €421 | €536 | +€115 | +27.3% |
| Suppliers | 440/4 | €421 | €536 | +€115 | +27.3% |
| Other amounts payable | 47/48 | €1,010 | - | -€1,010 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,931 | €479 | -€6,453 | -93.1% |
| Other operating charges | 640/8 | €840 | €545 | -€294 | -35.1% |
| Gross operating margin | 9900 | €11,268 | -€2,888 | -€14,156 | |
| Operating profit (loss) | 9901 | €3,497 | -€3,912 | -€7,409 | |
| Financial income | 75/76B | €215 | €617 | +€402 | +187% |
| Recurring financial income | 75 | €215 | €617 | +€402 | +187% |
| Financial charges | 65/66B | €656 | €536 | -€120 | -18.2% |
| Recurring financial charges | 65 | €656 | €536 | -€120 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €3,057 | -€3,831 | -€6,887 | |
| Income taxes | 67/77 | €1,888 | €185 | -€1,703 | -90.2% |
| Profit (loss) for the period | 9904 | €1,169 | -€4,016 | -€5,184 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,169 | -€4,016 | -€5,184 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.